Hamilton Housing Market Report

Hamilton housing market breakdown

The average home price in Hamilton was $831,190 in June 2024 which is a 0.40% year-over-year increase.

The median home price in Hamilton was $745,000 which represents a 3.20% year-over-year decrease.

Hamilton average home prices by house type

Detached: Average - $922,685 — 0.60% year-over-year increase
Semi-Detached: Average - $738,257 — 1.20% year-over-year increase
Freehold Townhouse: Average - $703,911 — 5.40% year-over-year decrease
Condo Apartment: Average - $465,093 — 7.80% year-over-year decrease

The average home price across all property types in Hamilton was $831,190 which represents a 0.40% year-over-year increase.

Hamilton average home price by district

The most expensive Hamilton areas to live in based on June 2024 average home prices are: 1. Flamborough 2. Ancaster; and 3. Waterdown. If you are looking for more affordable housing options the least expensive areas in Hamilton are 1. Hamilton Centre 2. Hamilton East; and 3. Hamilton West.

District	Average Home Price	Y/Y
Hamilton Centre	$536,566	-11.80%
Hamilton East	$614,647	-1.80%
Hamilton Mountain	$774,235	+0.70%
Hamilton West	$662,078	-8.50%
Flamborough	$1,366,097	13.50%
Dundas	$902,617	-6.80%
Ancaster	$1,299,920	+9.80%
Waterdown	$968,200	-4.00%
Stoney Creek	$817,345	-3.80%
Glanbrook	$953,154	+5.60%

Hamilton median home prices by house type

Detached: Median - $810,000 — 2.40% year-over-year decrease
Semi-Detached: Median - $770,050 — 2.70% year-over-year increase
Freehold Townhouse: Median - $715,000 — 1.40% year-over-year decrease
Condo Apartment: Median - $467,000 — 6.60% year-over-year decrease

The median home price across all property types in Hamilton was $745,000 which represents a 3.20% year-over-year decrease.

Hamilton median home price by district

The most expensive Hamilton areas to live in based off median home price in June 2024 are: 1. Flamborough 2. Ancaster; and 3. Waterdown. If you are looking for more affordable housing options the least expensive areas in Hamilton are 1. Hamilton Centre 2. Hamilton East; and 3. Hamilton Mountain.

District	Median Home Price	Y/Y
Hamilton Centre	$535,000	-10.80%
Hamilton East	$566,000	-8.90%
Hamilton Mountain	$735,500	-4.50%
Hamilton West	$678,400	+4.10%
Flamborough	$1,365,000	+51.70%
Dundas	$798,500	-13.20%
Ancaster	$1,165,000	-4.90%
Waterdown	$910,000	-3.20%
Stoney Creek	$770,000	-4.90%
Glanbrook	$825,000	-6.30%

Sales-to-new-Listings Ratio

The sales-to-new listing ratio is an important metric as it helps us to understand if it is a sellers or buyers market. The sales-to-new-listings ratio (SNLR) in Hamilton was 39.16% in June 2024. The SNLR indicates a sellers market with a ratio that is below 40%.

Sales

The Hamilton-Burlington region experienced a significant decline in home sales, with only 835 properties sold in June 2024. This figure falls well below the long-term average, reflecting a slowdown across all property types and areas within the Hamilton-Burlington Region.

Hamilton had total sales of 495 in June 2024 which makes up more than half the sales in the Hamilton-Burlington area. While sales saw a decrease of 25.30% year-over-year new listings were 1,265 which is a 7.4% year-over-year increase.

All property types across Hamilton saw a decrease in sales in June 2024. Here is the sales breakdown by property type:

Detached: Sales - 336 — 20.20% year-over-year decrease
Semi-Detached: Sales - 14 — 60.00% year-over-year decrease
Freehold Townhouse: Sales - 99 — 27.20% year-over-year decrease
Condo Apartment: Sales - 46 — 31.30% year-over-year decrease

Canada Housing Markets

See the housing markets in Canada broken down at a national, provincial and city level with the following reports

source: RAHB